银行业集中度对中国货币政策信贷传导有效性的影响  

Effects of Banking Industry Concentration Ratio on Credit Transmission Effectiveness of China Monetary Policy

作　　者：王文平[1] 李甜田 

机构地区：[1]山东财经大学经济学院,山东济南250002 [2]山东华宇工学院经济管理学院,山东德州253000

出　　处：《山东财经大学学报》2018年第2期60-69,共10页Journal of Shandong University of Finance and Economics

基　　金：山东省社科规划研究项目"金融排斥;社会资本与农村家庭金融资产选择"(17BJJJ09)

摘　　要：利用2000-2016年的季度时间序列数据和我国14家银行2000-2016年的年度面板数据研究了中国银行业结构对货币政策信贷传导有效性的影响。研究发现,货币政策的信贷传导是有效的,并且银行业结构的变化会对货币政策信贷传导有效性产生影响。当银行集中度大于38.48%时,银行集中度与货币政策信贷传导有效性之间成正向关系;而当银行集中度小于38.48%时,银行集中度与货币政策信贷传导有效性之间成反向关系。随着我国银行业的竞争日益深化,货币政策的信贷传导有效性将会越来越强。同时,相对于大型国有商业银行,中小型银行的信贷增速更容易受到货币政策变化的影响。为此,应进一步降低金融机构进入壁垒,提高中小金融机构的市场份额,建立多元化的产权结构,提高银行业配置金融资源的效率。This paper studies the effects of China banking industry structure on the credit transmission effectiveness of monetary policy by adopting the quarterly time series data from 2000 to 2016 and the annual panel data of 14 Chinese banks from 2000 to 2016. The results show that the credit transmission of monetary policy is effective,and the changes in the banking structure will affect the effectiveness of monetary policy credit transmission: when the banking concentration ratio is greater than 38. 48%,it is positively correlated with the effectiveness of monetary policy credit transmission; when the banking concentration ratio is less than 38.48%,it is negatively correlated with the effectiveness of monetary policy credit transmission. With Chinese banking industry competition deepening,the effectiveness of the monetary policy will become stronger and stronger. Compared with large state-owned commercial banks,the credit growth of small and medium-sized banks is more likely to be affected by the change of monetary policy.Therefore,the following measures are suggested: further reducing the entry barriers for financial institutions,increasing the market share of small and medium-sized financial institutions,establishing a diversified property right structure,and improving the efficiency of banking industry in allocating financial resources.

关 键 词：银行集中度 向量自回归模型 面板数据模型 货币政策信贷传导 

分 类 号：F832.5[经济管理—金融学]